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VMC Capital expert review by Barbara Friedberg
Founded in 2009, VMC Capital offers merchant cash advances and business cash advances to qualifying businesses. These are alternatives to traditional loans.
Products: VMC offers merchant and business cash advances. Merchant cash advance is also called credit card receivable funding or credit card factoring and is designed for firms that accept credit cards. For cash businesses, the business cash advance is available.
Interest rates: Interest rates depend on business revenue and additional qualifying factors.
Service: Borrowers complete a brief online application, and the merchant advance agent will call to follow up. Or, the borrower may call to begin the borrowing process.
Borrower qualifications: The business must process at least $8,000 in monthly gross sales and have been in operation at the same location with the same owners for 3 months. VMC Capital does not lend to start-ups. No collateral is required nor is a stellar credit score as the loan is based on the business’s strength.
Approval process: After completing an application, funds are usually deposited into the borrower’s account within three to five business days.
Loan limits: VMC may make a cash advance loan from $5,000 to $2,000,000. The Merchant cash advance depends upon the business’ average monthly sales and may be up to 125 percent of monthly sales.
Repayment options: The merchant cash advance is repaid daily from the borrower’s credit card account until the loan is fully repaid. The business cash advance is repaid daily by ACH from the company’s business bank account.
Best for: Small and mid-sized businesses that meet the monthly $8,000 sales figure.
Personal Finance Contributing Editor
Barbara Friedberg, MBA, MS is a former investment portfolio manager with decades of financial experience. Friedberg taught Finance and Investments at several universities. Her work has been featured in U.S. News & World Report, Investopedia, Yahoo!Finance and many more publications.
VMC Capital Company Information
- Company Name:
- VMC Capital
- VMC Capital 888 Town Center Drive
- Postal Code:
- United States
- (855) 388-1113